Vaca Muerta LNG project secures US$900-million international loan
Consortium involving Pan American Energy (PAE), YPF and Pampa Energía, along with international partners, closes a key project finance deal; Funding unlocked to build the pipeline that will carry Vaca Muerta gas to export terminals on the Atlantic coast. Leer más
The Vaca Muerta LNG project in Argentina has successfully secured US$900 million in international financing to build a dedicated pipeline connecting the Vaca Muerta shale fields with the Río Negro coast. The Southern Energy project (SESA) will start exporting gas in late 2027, with the pipeline set to carry 27 million cubic meters of natural gas daily.
The consortium of oil and gas companies, including Pan American Energy, YPF, Pampa Energía, Britain's Harbour Energy, and Norway's Golar LNG, secured the loan through the San Matías Pipeline special purpose vehicle. The US$900 million raised covers the bulk of the US$1.3 billion project cost, with the remainder coming from direct equity contributions by shareholders.
The project is expected to unlock the necessary infrastructure for Argentina to begin shipping gas to Europe and other parts of the world.
Brief written by urgent.news from Buenos Aires Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
